Are we seeing a top for the pound?

Sterling is at its highest level since before the financial crisis.

The value of a nation's currency is influenced by many things, but the outlook for interest rates and economic growth play a big part.

Last week, the sterling index (which measures the value of the pound against the currencies of our major trading partners) hit its highest level since the endof 2008 (see chart).The pound also was at its highest against the US dollar in four and a half years.

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